INDUSTRY & ECONOMY
CEMENT
Cement cos’ energy consumption seen falling
Hyderabad, April 20 The domestic cement industry’s average thermal energy consumption is likely to come down to 710 kcal/kg of clinker in the next two years, according to a report released by the CII-Green Business Centre. The ...
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ECONOMY
‘Selective credit control can rein in inflation’
The burning issue now is the rising inflation. A 7.14 per cent rate of inflation is a heavy tax on the average Indian who is already paying the price for globalisation. In India, the policies of the Government and the Reserve Bank of ...
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FOREIGN TRADE
Call to exploit opportunities in neighbouring countries
Nitte (Udupi), April 20 Exploiting opportunities in the neighbouring countries and globalising indigenous products can help India reach newer heights in the international market, according to Dr N.K. Thingalaya, Chairman of the Academic ...
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INFRASTRUCTURE
No cement export ban on supplies to SEZ units
Cement supplies to units in special economic zones (SEZ) can continue unimpeded, with the Commerce Ministry now clarifying that the recently imposed ban on cement exports will not apply for such supplies.The Government had banned cement ...
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POWER
Tata Motors trebling captive power generation at Pune plant
Move aimed at tackling load shedding, irregular power supply
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STEEL
Consumer durable firms feel the heat of rising steel costs
May hike prices by 4-7%; mull use of composite alloys
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TAXATION
HC clears I-T Dept move to reopen assessment
The Madras High Court has ruled that there was no illegality or irregularity in the order dated May 22, 2007 of the Assistant Commissioner of Income-tax, Central Circle II(5), issued to Fire Challenger, Chennai to reopen the assessment order ...
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GEMS & JEWELLERY
Joyalukkas plans to go in for IPO to fund expansion
May raise Rs 400-cr in the current financial year
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REAL ESTATE & CONSTRUCTION
Skyline Builders’ sales touch Rs 250 crore
The Kochi-based Skyline Builders, one of the oldest companies in south India, has registered sales of Rs 250 crore in 2007-08 with the completion of 11-lakh sq ft of built-up area in various parts of the State. Addressing a press ...
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KNITWEAR & HOSIERY
ERP — the common thread
Senthil Kumar, Managing Partner of DSP Knitting Company in Tirupur, inherited the business from his father and uncle. They had started the venture in the late 80s, when Tirupur was beginning to show signs of emerging as a global hosiery ...
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FOREIGN DIRECT INVESTMENT
Foreign equity infusion in Hero’s single brand retail venture okayed
FIPB overrules Revenue Department’s objection
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EXPORTS & IMPORTS
Iron ore exporters may face Rs 4,600 cr extra duty burden
New Delhi, April 20 There could be an additional burden of over Rs 4,600 crore in the form of export duty on iron ore in case the Government adopts the Steel Ministry-proposed “revenue neutral” model to bring down steel prices. ...
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TOURISM
Palanquin unveils tourist packages
Palanquin Tours and Travels (P) Ltd, a new venture in the service industry initiated by a group of NRIs, has opened office here to provide various tourist packages for customers. The prime objective of the company is to enable Kerala to become ...
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ECONOMIC OFFENCES
On the crime trail
Three recent cyber attacks are believed to have emanated from the Chinese mainland in what is seen as a worrisome sign.
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